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RLE 86 Chap 14-16 Final Prep

Total questions: 7

Worksheet time: 4mins

Name
Class
Date
1.

The federal law that prohibits discrimination in lending is the

a)

Equal Housing Act.

b)

Equal Lending Opportunity Act.

c)

Equal Credit Opportunity Act.

d)

Holden Credit Denial Disclosure Act.

2.

A typical Phase I environmental site assessment usually includes

a)

drill rig boring.

b)

a site reconnaissance.

c)

groundwater sampling.

d)

soil gas survey.

3.

The California law which is the authority granting cities and counties the right to implement subdivision ordinances is

a)

the Subdivision Map Act.

b)

the Davis-Stirling Act.

c)

the Fair Employment and Housing Act.

d)

the California Recording Statute.

4.

A real property tax deferred exchange for investment properties is governed by Internal Revenue Code Section

a)

1031.

b)

1034.

c)

1040.

d)

1120.

5.

Bulk sales laws are designed to prevent

a)

sellers creditors from defrauding buyers.

b)

buyers creditors from defrauding sellers

c)

sellers from defrauding creditors.

d)

none of these.

6.

Estoppel certificates are delivered to tenants to

a)

cease unlawful activities.

b)

pay rent or move out.

c)

confirm the amount of rent the tenant pays.

d)

none of these.

7.

The financing statement in California for the transfer of business personal property is a(n)

a)

deed of trust.

b)

bulk sale certificate.

c)

warranty bill of sale.

d)

UCC-1.